Use online vat registration for quicker and safe vat enrolling

If you are a trader located in the UK or other EU country that has adopted vat to be a medium of taxation you then should use online VAT registration for faster and secure vat registering www.checkvatnumber.com. Most countries have computerised their vat operations so you too should reduce effort and time by utilizing all online vat services offered by your own vat department.

In the United Kingdom vat rules specify that you could make an application for vat registration in case your taxable sales rise over the vat threshold limit of £70,000 in the past 1 year or if you feel they will do so within the next 30 days, even though you can still register before the sales touch this figure. However, you can at the moment only complete basic vat online registration by filling up and submitting vat form 1 online. This form is generally used by small establishments. If your business is a partnership firm, a group of companies, or intends to do business internationally then you can download and print all vat registration forms but will probably be needed to fill the form manually before sending it back to the HM Revenue and Customs or hmrc vat department.

If you plan to go in for online vat registration in another eu country that has adopted vat then you will need to first study all applicable vat rules before you register your business online. Should you have trouble in deciphering uk vat or eu vat rules then its better if you appoint a vat agent or perhaps a customs and excise customs vat agent in the event you intend to conduct your small business on an international level. This will enable you to remain safe while following all vat rules in several countries with falling foul of any department.

Once you send your vat online registration form to your hmrc department then you’ll receive a vat questionnaire within 15 days that will need additional details to be submitted such as your business address, telephone and fax numbers, bank account numbers, and several other details associated with your business together with a few purchase and sales invoices.

As soon as your application is eligible you will receive your vat number and you’ll now have to alter your invoicing approach to issue vat invoices for all of your sales. This vat invoice will have to display your vat no, vat rate, vat amount and also the same must also be shown in your vat returns that will have to be submitted to the hmrc vat department at regular intervals.

Currently, in the United Kingdom you will discover 3 types of vat rates applicable for all goods and services. The standard vat rate is 17.5% that is set to increase to 20% from January 4, 2011 onwards. There is a reduced vat rate of 5% and a zero vat rate on specific goods and services that will remain the same. There’s also certain products or services that are vat exempt. However, the vat rates are different in each eu country even though basic concept of charging vat tax continues to be same in most vat enabled countries.

If you wish to register your business for vat then going on the internet may help save time plus allow you to securely complete the required process needed for vat registration. You ought to simply log on to the hmrc vat department in case your organization is located in the UK or ask your vat agent to do so on your behalf before using online vat registration to have registered as a vat dealer without having problem.